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John,
In a new investigative report, ProPublica details how Wall Street billionaire Jeffrey Yass is buying politicians to further our rigged tax system:
According to the report, Yass has avoided at least $1 billion in taxes over six recent years, paying a federal income tax rate of less than half of what Wall Street investments are normally taxed.[1]
“The tax savings have contributed to an explosion in wealth for Yass, who has increasingly poured that fortune into candidates and causes on the political right. He has spent more than $100 million on election campaigns in recent years. The money has gone to everything from anti-tax advocacy and charter schools to campaigns against so-called critical race theory and for candidates who falsely say the 2020 election was stolen and seek to ban abortion.”
We’re fighting to hold billionaires like Jeffrey Yass accountable for their tax dodging and for funding Trump’s “Big Lie.” And, we’re close. Congress is preparing a bill this summer that can pass the Senate with a simple majority vote. If we fight, it could be funded by making millionaires and billionaires start paying their fair share.
Donate today to fight back against the army of Wall Street lobbyists who are seeking to maintain their rigged tax system that grows billionaire wealth while attacking funding for critical programs from education to healthcare.
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Together, we’re exposing the undue influence of billionaires in our elections, and trying to prevent the harm their bought-and-paid-for politicians inflict on working families.
Thank you for fighting for a future that includes all of us, not just the wealthy few.
Maura Quint
Campaign Director
Americans for Tax Fairness Action Fund
[1] “Meet the Billionaire and Rising GOP Mega-Donor Who’s Gaming the Tax System,” ProPublica, June 21, 2022
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